NeraTel disputes claim filed against Malaysian unit over lease agreement
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Nera Telecommunications (NeraTel) is disputing a claim from Great One Coconut Products Industries against its Malaysian unit over a lease agreement. The claimant seeks $71,168.83 in damages, alleging Nera Malaysia delayed vacating leased factory premises. NeraTel plans to counterclaim and is obtaining legal advice. The company asserts that the lawsuit will not materially impact its business operations or financial performance for FY2025.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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